Question

The value of a car depreciates every year at the rate of 8% per annum. what will be the value of the car after 3 years if its current value is Rs 1,20,000?
4 points

Answer 1

Answer:

Present value of= Rs.1,20,000

Depreciated value= 8% per annum

Time= 3 years

Initial value= P

1,20,000= P [1 - 8/100]^3

Now solve it.

Answer 2

Step-by-step explanation:

the value of a machine every year at the rate of 8% per annum . what will be the value of the car after 3 years if its current value is rupee 120000